B2Gold (TSX: BTO, Stock Forum) had reason to celebrate today when the company announced results from its Q4 and year-end 2014 as well as production and cash cost guidance for 2015.
According to the news release, the company produced a consolidated record of 111,804 gold ounces during Q4 with gold revenue of US$122.4 million on sales of 102,612 ounces at an average price of US$1,193 per ounce.
Production for the year also hit record levels with the company producing 384,003 ounces with gold revenue of US$486.6 million on record sales of 386,219 ounces at an average price of US$1,260 per ounce.
The company expects a strong 2015 and predicts an approximately 35% increase in production growth to between 500,000 to 540,000 ounces of gold with cash operating costs per ounce anticipated to decline.
The year also saw the company acquire the acquisition of the high-quality Fekola Gold project located in Mali where early construction activity is expected to commence in February 2015.
Assessment and optimization of the feasibility work previously completed at Papillion will be carried out including reviewing the optimal grind size and throughput rate, optimal size and configuration of the mills, and assessing the mine plan and potential use of mine contractors.
An updated mineral resource estimate and final feasibility study for Fekola Project is expected in Q2 2015.
B2Gold was in the news recently when the Vancouver-based company announced a higher grade gold resource at Wolfshag Zone, Otjikoto Mine, Namibia.
Shares were down 5.42% on the news to $2.62 per share.
Currently there are 917.6m outstanding shares with a market cap of $2.4 billion.